It has been announced within the last hour that casino operating holding company Casino Queen Holdings is to acquire Belle of Baton Rouge from Caesars Entertainment as the sale is agreed. Belle of Baton Rouge is a casino hotel situated in Baton Rough in Louisiana and was founded in the early 1990’s. Casino Quenn Hwy 18 W Marquette, WI 54601 1-000-000-0000 The Hollywood Casino Baton Rouge. Casino Queen is paying $28.2 million for operating rights. (Image: Storyblocks) The buyer is paying $28.2 million for the operating rights to the riverboat casino aesars Entertainment announced on Tuesday a definitive agreement to sell Belle of Baton Rouge to CQ Holding Company, Inc. (Casino Queen). Pursuant to the terms of the amended lease agreement with Gaming and Leisure Properties , the 10-story, 288-room riverboat hotel-casino in Baton Rouge, Louisiana will be removed from the GLPI Master Lease, and the rent payments to GLPI will remain unchanged. Some previous owners of the Casino Queen, in East St. Louis, collected more than $46 million in the casino's sale last month to employees. The Queen had been owned by private investors, including Two former Casino Queen employees have filed suit against the casino’s old owners over the 2012 sale of the property that made it employee-owned. The plaintiffs, Tom Henseik and Jason Gill, allege the former owners of the Casino Queen Inc. sold their stake in the company into an employee stock ownership program (ESOP) at a vastly inflated In conjunction with the transaction, GLPI will also have a right of first refusal with Casino Queen for other sale leaseback transactions up to $50 million over the next 2 years. Casino Queen's sale is in doubt 21 February 2007 ILLINOIS – As reported by St. Louis Post-Dispatch: "Illinois gambling regulators plan no decision today on a Kentucky company's request to buy the Casino Queen in East St. Louis. The sale, conducted through a newly created employee stock ownership plan, comes amid increasing competition in the local gaming landscape and the Casino Queen’s languishing revenue, which has EAST ST. LOUIS, Ill., Dec. 27, 2012 /PRNewswire/ -- Shareholders of Casino Queen, Inc. ("Casino Queen" or the "Company"), owner and operator of Casino Queen Hotel & Casino located in East St
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